Liner hangersThe national oil company PDVSA can't even get a liner hanger unless they pay up front FOB Houston. The oil service infrastructure in Venezuela has been destroyed. Is Petro stupid enough to do that? Probably yes is his tendency because he believes that renewables will provide him with the revenues to keep people happy. Just like Trudeau in Canada. Let's see if they can or not. I'm betting no friggin way. Once people feel the pain of energy poverty they will clamour for more hydrocarbon productuon.
If Pierre Poliviere starts to lead polls in the Greater Toronto Area because of energy scarcity and high cost because of Trudeau's anti hydrocarbon policies then I'm all in on Canadian oil&gas including Frontera. Pierre's wife is Venezuelan btw. Anaida. Her family had to leave Venezuela because of private property confiscating theives. Nice family. Pierre from Calgary, Anaida from Venezuela and their kids running things. Will be great for Canadian oil&gas.